In 2023, France led European glass fibers wages and salaries with 678.7 million Euros, showing a robust increase of 54.86% from the previous year. Germany followed with 373.5 million Euros, marking a modest growth of 4.01%. Belgium stood at 85.8 million Euros with a 3.34% rise, while Norway experienced a slight decline of 0.81%, ending at 38.6 million Euros. Spain saw a modest increase of 1.98%, reaching 32.1 million Euros, with Italy slightly declining by 0.16%, tallying 25.3 million Euros. Slovakia and Romania showed growth at 1.66% and 5.28%, reaching 22.8 million Euros and 7.5 million Euros, respectively. Conversely, Finland and Denmark witnessed considerable decreases of 19.48% and 13.73%, ending at 17.5 and 13.0 million Euros each. Portugal experienced a minor decrease of 4.36% to 0.4 million Euros.
Future trends to watch involve potential geographical market reallocations given France’s rapid wage expansion. Monitoring Germany's consistency and Italy’s slight downturn could hint at competitive market pushes. Technological advancements and increasing automation could drive efficiencies, impacting future wage trends across these markets.
Top countries in Glass Fibers Wages and Salaries by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 678.7 | 2023 | +6.53% | +54.86% | View data |
| 2 | 2 Germany | 373.5 | 2023 | +3.38% | +4.01% | View data |
| 3 | 3 Belgium | 85.8 | 2023 | +2.63% | +3.34% | View data |
| 4 | 4 Norway | 38.6 | 2023 | 0% | -0.81% | View data |
| 5 | 5 Spain | 32.1 | 2023 | -0.31% | +1.98% | View data |
| 6 | 6 Italy | 25.3 | 2023 | +0.8% | -0.16% | View data |
| 7 | 7 Slovakia | 22.8 | 2023 | +1.33% | +1.66% | View data |
| 8 | 8 Finland | 17.5 | 2023 | -11.17% | -19.48% | View data |
| 9 | 9 Denmark | 13 | 2023 | -8.45% | -13.73% | View data |
| 10 | 10 Romania | 7.5 | 2023 | +5.63% | +5.28% | View data |
